Financial Crime World

Financial Crime Investigation Procedures in Armenia Receive Boost with International Training

Yerevan, Armenia - In a bid to strengthen its capacity to combat financial crime and terrorism financing, Armenian investigators, prosecutors, and analysts gathered for a two-day training session on “Investigation and Prosecution of Terrorism Financing Cases” last October. The event was organized by the Council of Europe, with support from the European Union.

Enhancing Understanding of Financial Crime Investigation

Thirty-five participants from various law enforcement agencies attended the training in Yerevan on October 17-18. The training aimed to enhance the understanding of Armenian practitioners on the challenges involved in investigating and prosecuting terrorist financing cases.

Topics Covered

  • Institutional Framework: Building expertise in TF cases, joint investigations, and mechanisms for raising and moving financial resources directed towards TF.
  • Recent Threats and Typologies: Understanding recent threats and typologies related to terrorism financing and possible solutions to overcome information sharing challenges.
  • Inter-Agency Coordination and International Cooperation: Highlighting the importance of inter-agency coordination and international cooperation in combating terrorism financing.

Productive Discussions on Institutional Framework

The training provided a platform for engaging productive discussions on the efficient setup of institutional framework in Armenia and the distribution of roles and duties within national organizations dedicated to combating TF.

Key Takeaways

  • Good Practices: Presenting good practices in inter-agency coordination and international cooperation.
  • Support for Law Enforcement Authorities: Continuing to support law enforcement authorities of Armenia to enhance their internal procedures and expertise in investigation and prosecution of cases related to terrorism financing, aligning them with international standards and best practices.

Project Background

The training activity was organized within the framework of the project “Enhancing National Capacities for Effective Prevention and Fight against Economic Crime in Armenia,” co-funded by the European Union and the Council of Europe, and implemented by the Council of Europe under their Partnership for Good Governance III 2023-2027.